Ray Dalio Praises Trump: Predicts "Huge" Changes; It Will Be "Glorious To Be Rich"

In one of the most euphoric praises for Donald Trump and the president-elect's fledgling administration to date, overnight Bridgewater founder Ray Dalio said economic changes under the Trump administration may be more dramatic than shifts from “the socialists to the capitalists” in the U.K., U.S. and Germany from 1979 to 1982, and predicted that "we are about to experience a profound, president-led ideological shift that will have a big impact on both the US and the world."

Comparing Trump to Margaret Thatcher, Ronald Reagan and Helmut Kohl, Dalio said the incoming administration may have a much bigger impact on the U.S. economy than can be measured by tax changes and fiscal spending. The Trump era could “ignite animal spirits” and attract productive capital.

In his summary of Trump's economic policies, Dalio urges readers to read Ayn Rand "as her books pretty well capture the mindset. This new administration hates weak, unproductive, socialist people and policies, and it admires strong, can-do, profit makers. It wants to, and probably will, shift the environment from one that makes profit makers villains with limited power to one that makes them heroes with significant power."

The shift from the past administration to this administration will probably be even more significant than the 1979-82 shift from the socialists to the capitalists in the UK, US, and Germany when Margaret Thatcher, Ronald Reagan, and Helmut Kohl came to power. To understand that ideological shift you also might read Thatcher’s “The Downing Street Years.” Or, you might reflect on China’s political/economic shift as marked by moving from “protecting the iron rice bowl” to believing that “it’s glorious to be rich.”

He adds that the "shift by the Trump administration could have a much bigger impact on the US economy than one would calculate on the basis of changes in tax and spending policies alone because it could ignite animal spirits and attract productive capital. Regarding igniting animal spirits, if this administration can spark a virtuous cycle in which people can make money, the move out of cash (that pays them virtually nothing) to risk-on investments could be huge."

Regarding attracting capital, Trump’s policies can also have a big impact because businessmen and investors move very quickly away from inhospitable environments to hospitable environments. Remember how quickly money left and came back to places like Spain and Argentina? A pro-business US with its rule of law, political stability, property rights protections, and (soon to be) favorable corporate taxes offers a uniquely attractive environment for those who make money and/or have money.

Looking at foreign policy under Trump, Dalio predicts that "we should expect the Trump administration to be comparably aggressive. Notably, even before assuming the presidency, Trump is questioning the one-China policy which is a shocking move. Policies pertaining to Iran, Mexico, and most other countries will probably also be aggressive."

“By and large, deal-maker businessmen will be running the government,” said Dalio who runs the world's largest hedge fund. “Their boldness will almost certainly make the new four years incredibly interesting and will keep us all on our toes.”

So far the market has agreed with Dalio: since the election, more than $1.5 trillion in value has been added to U.S. share prices and lifted indexes to records as investors expect greater tax cuts and fiscal stimulus under Trump to boost business prospects. Higher returns under Trump could benefit endowments and foundations that have struggled to meet funding targets in the low-yield environment.

There is just one question on Dalio's mind:

The question is whether this administration will be a) aggressive and thoughtful or b) aggressive and reckless. The interactions between Trump, his heavy-weight advisors, and them with each other will likely determine the answer to this question. For example, on the foreign policy front, what Trump, Flynn, Tillerson, and Mattis (and others) are individually and collectively like will probably determine how much the new administration’s policies will be a) aggressive and thoughtful versus b) aggressive and reckless. We are pretty sure that it won’t take long to find out.

Now that we’re a month past the election and most of the cabinet posts have been filled, it is increasingly obvious that we are about to experience a profound, president-led ideological shift that will have a big impact on both the US and the world. This will not just be a shift in government policy, but also a shift in how government policy is pursued. Trump is a deal maker who negotiates hard, and doesn’t mind getting banged around or banging others around. Similarly, the people he chose are bold and hell-bent on playing hardball to make big changes happen in economics and in foreign policy (as well as other areas such as education, environmental policies, etc.). They also have different temperaments and different views that will have to be resolved.

Regarding economics, if you haven’t read Ayn Rand lately, I suggest that you do as her books pretty well capture the mindset. This new administration hates weak, unproductive, socialist people and policies, and it admires strong, can-do, profit makers. It wants to, and probably will, shift the environment from one that makes profit makers villains with limited power to one that makes them heroes with significant power. The shift from the past administration to this administration will probably be even more significant than the 1979-82 shift from the socialists to the capitalists in the UK, US, and Germany when Margaret Thatcher, Ronald Reagan, and Helmut Kohl came to power. To understand that ideological shift you also might read Thatcher’s “The Downing Street Years.” Or, you might reflect on China’s political/economic shift as marked by moving from “protecting the iron rice bowl” to believing that “it’s glorious to be rich.”

This particular shift by the Trump administration could have a much bigger impact on the US economy than one would calculate on the basis of changes in tax and spending policies alone because it could ignite animal spirits and attract productive capital. Regarding igniting animal spirits, if this administration can spark a virtuous cycle in which people can make money, the move out of cash (that pays them virtually nothing) to risk-on investments could be huge. Regarding attracting capital, Trump’s policies can also have a big impact because businessmen and investors move very quickly away from inhospitable environments to hospitable environments. Remember how quickly money left and came back to places like Spain and Argentina? A pro-business US with its rule of law, political stability, property rights protections, and (soon to be) favorable corporate taxes offers a uniquely attractive environment for those who make money and/or have money. These policies will also have shocking negative impacts on certain sectors.

Regarding foreign policy, we should expect the Trump administration to be comparably aggressive. Notably, even before assuming the presidency, Trump is questioning the one-China policy which is a shocking move. Policies pertaining to Iran, Mexico, and most other countries will probably also be aggressive.

The question is whether this administration will be a) aggressive and thoughtful or b) aggressive and reckless. The interactions between Trump, his heavy-weight advisors, and them with each other will likely determine the answer to this question. For example, on the foreign policy front, what Trump, Flynn, Tillerson, and Mattis (and others) are individually and collectively like will probably determine how much the new administration’s policies will be a) aggressive and thoughtful versus b) aggressive and reckless. We are pretty sure that it won’t take long to find out.

In the next section we look at some of the new appointees via some statistics to characterize what they’re like. Most notably, many of the people entering the new administration have held serious responsibilities that required pragmatism and sound judgment, with a notable skew toward businessmen.

Perspective on the Ideology and Experience of the New Trump Administration

We can get a rough sense of the experience of the new Trump administration by adding up the years major appointees have spent in relevant leadership positions. The table below compares the executive/government experience of the Trump administration’s top eight officials* to previous administrations, counting elected positions, government roles with major administrative responsibilities, or time as C-suite corporate executives or equivalent at mid-size or large companies. Trump’s administration stands out for having by far the most business experience and a bit lower than average government experience (lower compared to recent presidents, and in line with Carter and Reagan). But the cumulative years of executive/government experience of his appointees are second-highest. Obviously, this is a very simple, imprecise measure, and there will be gray zones in exactly how you classify people, but it is indicative.

Below we show some rough quantitative measures of the ideological shift to the right we’re likely to see under Trump and the Republican Congress. First, we look at the economic ideology of the incoming US Congress. Trump’s views may differ in some important ways from the Congressional Republicans, but he’ll need Congressional support for many of his policies and he’s picking many of his nominees from the heart of the Republican Party. As the chart below shows, the Republican members of Congress have shifted significantly to the right on economic issues since Reagan; Democratic congressmen have shifted a bit to the left. The measure below is one-dimensional and not precise, but it captures the flavor of the shift. The measure was commissioned by a National Science Foundation grant and is meant to capture economic views with a focus on government intervention on the economy. They looked at each congressman’s voting record, compared it to a measure of what an archetypical liberal or conservative congressman would have done, and rated each member of Congress on a scale of -1 to 1 (with -1 corresponding to an archetypical liberal and +1 corresponding to an archetypical conservative).

When we look more specifically at the ideology of Trump’s cabinet nominees, we see the same shift to the right on economic issues. Below we compare the ideology of Trump’s cabinet nominees to those of prior administrations using the same methodology as described above for the cabinet members who have been in the legislature. By this measure, Trump’s administration is the most conservative in recent American history, but only slightly more conservative than the average Republican congressman. Keep in mind that we are only including members of the new administration who have voting records (which is a very small group of people so far).

While the Trump administration appears very right-leaning by the measures above, it’s worth keeping in mind that Trump’s stated ideology differs from traditional Republicans in a number of ways, most notably on issues related to free trade and protectionism. In addition, a number of key members of his team—such as Steven Mnuchin, Rex Tillerson, and Wilbur Ross—don’t have voting records and may not subscribe to the same brand of conservatism as many Republican congressmen. There’s a degree of difference in ideology and a level of uncertainty that these measures don’t convey.

Comparing the Trump and Reagan Administrations

The above was a very rough quantitative look at Trump’s administration. To draw out some more nuances, below we zoom in on Trump’s particular appointees and compare them to those of the Reagan administration. Trump is still filling in his appointments, so the picture is still emerging and our observations are based on his key appointments so far.

Looking closer, a few observations are worth noting. First, the overall quality of government experience in the Trump administration looks to be a bit less than Reagan’s, while the Trump team’s strong business experience stands out (in particular, the amount of business experience among top cabinet nominees). Even though Reagan’s administration had somewhat fewer years of government experience, the typical quality of that experience was somewhat higher, with more people who had served in senior government positions. Reagan himself had more political experience than Trump does, having served as the governor of California for eight years prior to taking office, and he also had people with significant past government experience in top posts (such as his VP, George HW Bush). By contrast, Trump’s appointees bring lots of high quality business leadership experience from roles that required pragmatism and judgment. Rex Tillerson’s time as head of a global oil company is a good example of high-level international business experience with clear relevance to his role as Secretary of State (to some extent reminiscent of Reagan’s second Secretary of State, George Shultz, who had a mix of past government experience and international business experience as the president of the construction firm Bechtel). Steven Mnuchin and Wilbur Ross have serious business credentials as well, not to mention Trump’s own experience. It’s also of note that Trump has leaned heavily on appointees with military experience to compensate for his lack of foreign policy experience (appointing three generals for Defense, National Security Advisor, and Homeland Security), while Reagan compensated for his weakness in that area with appointees from both military and civilian government backgrounds (Bush had been CIA head and UN ambassador, and Reagan’s first Secretary of State, Alexander Haig, was Supreme Allied Commander of NATO forces during the Cold War). Also, Trump has seemed less willing to make appointments from among his opponents than Reagan was (Reagan’s Chief of Staff had chaired opposing campaigns, and his Vice President had run against him).

By and large, deal-maker businessmen will be running the government. Their boldness will almost certainly make the next four years incredibly interesting and will keep us all on our toes.

Comment viewing options

I tend to believe the man that said trumps agenda is always to be number one, the best above and beyond all else. If he runs this country that way we will prosper plenty. I believe he has the right amount of ego and finesse to be the best president this country has ever seen..

I think a huge increase in national debt is coming. The only way to increase money in circulation is for for someone to borrow it first, then spend it.

Thats how our debt based money system works.Add in the stupid exponential growth aspect and what could go wrong? Every time. Like clock work. Who could have seen it coming. Its different this time. Our Nobel winners in economics will fix it.

A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic. It doesn't produce too much deflation or too much depression. There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.

We're in a phase now in the U.S. which is very much like the 1933-37 period, in which there is positive growth around a slow-growth trend. The Federal Reserve will do another quantitative easing if the economy turns down again, for the purpose of alleviating debt and putting money into the hands of people.

As a US taxpayer and citizen, I can only shutter in fear as Trump and his cronies take office. Bush/Cheney are amateurs at the no bid contracts and wars off the budget, compared to Trump and his incoming administration.

Four years from now, the middle class will be poorer, the infastructure will be unchanged, the environment will be worse, but Trump and his family/friends will be rich beyond their wildest dreams.

Someday the US voters will realize that the Republican and Demorcate parties are two sides of the same corporate owned coin.

I really hope I am wrong, but Trump has never done anything for anyone else that has not benefited him or his family/friends.

Except damn few of them build anything....speculation and creation of ever more complex financial instruments that add systemic risk are the problems....instead of addressing these issues, all we hear about is the corporate tax rate. Better if Trump appointed great small business owners rather than billionaires.

Astroturf-funded state measures are the wave of the near future. The formula: Pick a “blue” state; throw in a ton of money from New York City and Silicon Valley; hire the best propagandists money can buy; rely on media allies to amplify the signal and demonize gun owners; spook the useful idiot herd; and steamroll over grassroots volunteers who enjoy neither the money, the media savvy, the contacts nor the reach.

Exactly...if it were as easy as "printing" yourself to prosperity, Zimbabwe would be the richest country in the world...we are Zimbabwe, with the biggest guns...the piper will still have to be paid, someday...

TwoHoot, what the article you linked referred to as "Educated Fools" I tend to refer to as the best available professional hypocrites, who have successfully adapted to living inside systems based on enforcing frauds, becoming exponentially more fraudulent. The comments posted above by BennyBoy were some of the most relevant to the ways that the ideological shifts represented by President Trump are merely the superficial swings of the social pendulum from one stupid extreme to another. Monetary and taxation policies are the manifestation of integrated systems of legalized lies, backed by legalized violence, whose most important forms are the ways that public governments enforce frauds by private banks.

NOTHING that President Trump has stated that I am aware of recognizes how profound those problems regarding Globalized Neolithic Civilization have become. Moreover, it would greatly increase the chances of President Trump being assassinated if he even talked about those problems, or did anything significant to try to change those ways that public governments enforce frauds by private banks, as the backbone of the established political economy, despite that doing so has been enabled by advancing technologies to become exponentially more fraudulent.

The so-called "entrepreneurs" are participating in arrangements whereby organized lies operate robberies. While everyone is necessarily doing so, because everyone lives as toroidal vortices of entropic pumps of environmental energy flows, all of those things are publicly presented in the most absurdly backward ways possible. "The Absurd Assumptions that dictate monetary policy" are almost infinitely more absurdly backwards than almost everyone recognizes, due to the ways that successful warfare based on being able to back up deceits with destruction morphed to become successful finance based on enforcing frauds. While advancing technologies have enabled those previous systems of paper "money" frauds, backed by the force of gunpowder weapons, to rapidly become globalized electronic "money" frauds, backed by the threat of force from atomic weapons, NONE of the underlying progress based upon series of intellectual scientific revolutions and profound paradigm shift enabling better understand of general energy systems has been applied to political science in any publicly significant ways, because that would require similar series of profound paradigm shifts in the ways that human beings and civilization could be better understood as manifestations of general energy systems.

What actually exists now are the ways that governments have become the biggest forms of organized crime, controlled by the best organized gangsters, the banksters. There is NOTHING apparent regarding possible ideological swings demonstrated by the shifts towards President Trump's administration that are going to be based upon or empower overall better understanding of Globalized Neolithic Civilization, that the USA has become the most important component of, as shown by the American Dollar, backed by the American Military, being the global reserve currency.

The American Dollar has become a State Religion, which is backed by another State Religion, National Security. Both together are the most important manifestations of Globalized Neolithic Civilization's combined money/murder systems. Those State Religions are actually based upon the maximum possible frauds and deceits. Therefore, in ways which superficially appear paradoxical, but which are actually sets of consistent contradictions, the most socially successful people have adapted to living inside of sociopolitical systems based upon enforcing frauds, and so, are the best available professional hypocrites, which includes the ways that "entrepreneurs" are able to operate inside of systems which allow them to privatize their profits, while their losses are socialized, due to all of the various ways that human "economy" has developed inside of human ecology, to become based on the maximum possible deceits and frauds, regarding what those economic activities are actually doing.

Everything that the existing political economy does is based upon enforced frauds, and therefore, every possible "entrepreneur" is doing so to the degree to which they are able to be the best available professional hypocrites. The existing "economic" systems, as made and maintained by banker dominated governments, not only are based upon being able to enforce frauds, but also, the social successfulness of those systems requires that the vast majority of people deliberately ignore the principle of the conservation of energy, as well as misunderstand the concept of entropy in the most absurdly backward ways. "Money" made out of nothing is used to "pay" for strip-mining the natural resources of the planet as fast as possible, to keep that debt engine treadmill going. There are no "entrepreneurs" that become socially successful other than by doing that even more so, which demands that they make better use of the language developed by the professional hypocrites, which language has INVERTED everything, as well as perverted everything.

Human beings necessarily live as gangs of robbers in their environment. They can not stop living as entropic pumps of environmental energy flows. However, those basic facts have driven intense paradoxes, or sets of consistent contradictions, due to natural selection pressures driving the development of artificial selection systems which were most socially successful by becoming the most dishonest those could become (and, even now, every day, automatically are becoming exponentially more fraudulent.) Human ecology is directed by its death control systems, with its murder systems the most extreme manifestations of those. The real effects of the taxation systems were to back up monetary systems, that were based on being able to enforce frauds. Thus, the real effects of almost exponentially advancing technologies have been to enable exponentially advancing fraudulence, of a political economy that operates inside a political economy, which are most socially successful by being as fraudulent and deceitful as possible.

The existing kinds of "economics" are based upon being able to enforce frauds, in ways which are NOT publicly admitted and addressed, but rather denied and bullshitted about to the maximum degree possible. Everything that Globalized Neolithic Civilization (with the USA as its most important component) actually does is done through fundamentally fraudulent financial accounting systems, whereby the basic realities of the surrounding environmental ecologies are deliberately ignored and misunderstood as much as possible, because the history of Neolithic Civilization was driven by the history of warfare, while successful warfare was based upon deceits and treacheries, as the most successful strategies to operate the murder systems, which then controlled everything else. Civilization was always based on being able to back up lies with violence, while doing so was never able to stop those lies from still being false. Therefore, all of the apparent social successfulness of the political economy based upon enforcing frauds is becoming exponentially more fraudulent. So far, I see NOTHING which is publicly significant in the emerging President Trump Administration that is NOT the manifestation of people who were socially successful WITHIN the established systems, which ARE based on enforcing frauds.

Therefore, it continues appear to be politically impossible for Globalized Neolithic Civilization to develop any better dynamic equilibria between its various systems of organized lies operating robberies, because there continues to be the vicious spirals of political funding enforcing frauds. The return to encouraging and empowering more "entrepreneurs" amounts to even more "educated fools," because those people are similarly out of touch with environmental realities, just as much, if not more so, than any so-called ivory tower academic economists. There is NOBODY who is making "money" that is NOT doing so by participating in fundamentally fraudulent financial accounting systems, such that their apparent cash flow, and assets, are being presented in absurdly backward ways, which appear to be socially successful in the short to medium term due to the ways that enforcing frauds can be socially successful in the short to medium term ... while, in the longer term, the consequences accumulate of an exponentially more fraudulent civilization, which suffers final failures from too much of that kind of success.

Theoretically, what would require longer term success for globalized civilization would be better human ecology, as the central core of overall better environmental ecology, which integrated both industrial and natural ecologies. However, in practice, what has actually happened is that human ecology was driven by natural selection pressures to become based on the maximum possible deceits about itself. Human beings living within Globalized Neolithic Civilization have been perfecting their abilities to lie to themselves about everything, as much as humanly possible. Within that context, the superficial swings of ideologies shifts represented by President Trump's election are the manifestation of another new crop of professional hypocrites, taking over from the previous crop of professional hypocrites, who wore themselves out, or worn out their abilities to continue to be the most socially successful professional hypocrites.

The article above was one of those kinds of professional hypocrites, praising themselves, while superficially denouncing the previous kinds of professional hypocrites. However, the underlying factors continue to be the same. Furthermore, it is not possible to actually change those things unless one could change both the money systems, and the murder systems that back those up, at the same time. (That will more likely actually happen by runaway debt insanities provoking runaway death insanities, rather than through any other better ways.) The deeper levels of problems that the USA and Globalized Neolithic Civilization face are that the most socially successful money systems, as backed by the most successful murder systems, are able to continue to do so through being the most fraudulent and deceitful that are possible to be (while advancing technologies end up being primarily applied to even more so become advancing frauds through advancing enforcement.)

There must necessarily be some human ecology, within which exists some political economy. Those which actually exist now were made and maintained by energy systems which developed to become as dishonest at those could possibly become, because doing so what were the most socially successful strategies. Everything that tends to be said to be President Trump's strong points are simultaneously also his weak points, since he personally summarizes, or has been elected to symbolize, the essential paradox that "entrepreneurs" are successfully taking advantage of participating in systems which are automatically becoming more and more unbalanced. "Economics" is INSIDE ecology, while the ways those developed have driven the debt controls to be backed by the death controls, which were based upon the maximum possible frauds and deceits. President Trump is necessarily the figurehead of the biggest organized crime gang, the government of the USA, which is dominated by the best organized crime gangs, but which latter gangs appear to be having some significant squabbles, due to the ways in which their previous systems based upon being able to enforce frauds have become exponentially more fraudulent, such that those are getting more and more difficult to keep going ...I would not count on that changing in any good ways in the foreseeable future. Rather, the vicious spirals of political funding enforcing frauds is set up to continue to become as exponentially more fraudulent as it could possibly become. There is, so far, NOTHING observable in the emerging President Trump Administration that is not mostly still the metaphorical "rearranging the deck chairs on the Titanic."

The article above is the writing of one of the comfortable first class passengers, sailing on that voyage of a Titanic, who may well become one of the crew, along with the other crew, in President Trump's Administration, pretty well none of whom are able and willing to admit and address the nature of the problems which that ship of state, the USA, faces, much less are able and willing to recognize the problems which Space Ship Earth, or Lifeboat Earth, are facing, due to Globalized Neolithic Civilization having developed to be operated by various professional hypocrites, whose skill sets are to deliberately ignore and misunderstand everything as much as humanly possible, because, inside the human world, those ways of continuing to enforce frauds appear to be most successful, here and now, as those were throughout human history.

Paradoxically, it is because various "entrepreneurs" appear to be socially successful within economic systems based upon enforcing frauds that they are not able to understand what is really happening, because they do not want to understand. Virtually NOBODY who is making "money" is able and willing to recognize the degree to which money is measurement backed by murder. Therefore, NONE of those professional hypocrites are able to do anything which could better balance the overall systems, but rather, they will continue to feel more successful by driving those systems to become more and more obviously unbalanced.

Globalized Neolithic Civilization was significantly advanced by the participation of the USA. However, that meant that the American enforced frauds necessarily became more fraudulent, within globalized enforced frauds, whose collective overall fraudulence is no longer possible to fully imagine or completely comprehend, because those have become globalized electronic frauds, backed by the threat of force from atomic weapons. Theoretically, President Trump, and his administration, are now the symbolic figureheads who have the single most important roles within those systems of electronic frauds, backed by the threat of force from atomic weapons.

Although I believe that President Trump presented the most realistic views of those issues, compared to any of the other publicly significant candidates for election to become the President of the USA, that feeling is only in comparison to how dismally unrealistic all of the other alternatives were. What I am asserting is that human beings necessarily live as gangs of robbers in their environment, and therefore, the biggest governments become the biggest gangsters, which are effectively controlled by the best organized gangsters. The irony of the recent elections were that Trump best articulated perspectives upon those possible perceptions, but then, when he becomes President, that does NOT change the underlying realities that he becomes the figurehead of the biggest organized crime gang, who has to work with the various best organized crime gangs, all of which tend to be publicly misrepresented in the most absurdly backward ways, as somehow NOT still being organized crime gangs, but rather, that somehow President Trump is now the supreme "good guy."

There are increasingly intense paradoxes which flow from the ways that those who are the worst "bad guys" thereby become able to publicly present themselves as if they were the "good guys." The dominate natural languages and philosophy of science have been deliberately developed in ways which enable the best available professional hypocrites to get away with their public presentations of their immaculate hypocrisy, all based upon the DUALITIES of false fundamental dichotomies, and the related impossible ideals. The article above was drowning itself in that kind of bullshit. Indeed, the whole of Globalized Neolithic Civilization is drowning itself in its own bullshit, whereby it presents its triumphant systems based on being able to back up lies with violence as if those were NOT still lies and violence, such as how the government of the USA is able to legalize lies, and back those up with legalized violence.

President Trump is now the symbolic figurehead of the single biggest and best organized systems of legalized lies, backed by legalized violence, which lies never stop still being fundamentally false, but rather, are actually becoming exponentially more fraudulent. For the established systems to keep going, more "money" has to be made out of nothing, as debts, through public governments continuing to enforce frauds by private banks. Within that context, any "entrepreneurs" have to make "money" by accumulating assets and maintaining some positive cash flow, within those systems which are all based on bookkeeping tricks, and magical mathematics, which deliberately ignores the principle of the conservation of energy, and misunderstands the concept of entropy, as much as humanly possible, due to the ways that systems of organized lies operating robberies are most socially successful to the degree to which they can INVERT the public perception of themselves doing that.

Anyone who has been making "money" and accumulating "assets" within the established systems has necessarily been participating in the ways that Globalized Neolithic Civilization was manifesting runaway criminal insanities, due to that civilization becoming based on the excessive successfulness of being controlled through applications of the methods of organized crime. Obviously, the includes any "entrepreneurs." Overall, those systems are spinning out of human control, because of the ways that it has become politically impossible for the vicious spirals of political funding enforcing frauds to be prevented from continuing to do so. By and large, those who have been making "money" are NOT interested in deeper understanding of the ways in which they were actually participating in systems that had become runaway criminal insanities. Those who appear to have accumulated assets are NOT interested in thinking through how the whole planet is supposed to survive having been privatized.

I REPEAT my points, which now apply more to President Trump than anyone else: "The Absurd Assumptions that dictate monetary policy" are almost infinitely more absurdly backwards than almost everyone recognizes, due to the ways that successful warfare based on being able to back up deceits with destruction morphed to become successful finance based on enforcing frauds. The America Dollar and American Military are the main manifestations of how Globalized Neolithic Civilization is based on the maximum possible frauds and deceits, while for those systems to continue would necessarily require their trends toward debt controls based on the exponentially increasing frauds, being able to be backed by death controls based on exponentially increasing deceits.

President Bush II presided over established debt slavery systems that necessarily doubled debts. Then President Obama presided over the total debts continuing to double. The inherent nature of the existing debt slavery systems demand exponentially increasing debts, and therefore, President Trump would have to preside over once again doubling the total debts, in order for the debt engine treadmills to keep turning. The various comments previously posted by BennyBoy above correctly pointed out those underlying problems, (which appear to NOT be possible for Trump to resolve). Meanwhile, the reply from TwoHoot provided a link to a superficially correct analysis of how professional economists act as intellectual mercenaries for the international banksters, in order to provide their kinds of "educated fools'" stamp of approval to policies such as "financialization," which is actually only more and more enforced frauds, piled on top of previous enforced frauds.

My kind of reply above emphasizes how much WORSE the overall situation actually is, as well as how that situation is deteriorating FASTER ... Someone like Ray Dalio is necessarily a professional hypocrite, as indicated by the amount of "money" he has made within monetary systems based on enforcing frauds, and the amount of assets he has accumulated within private property systems that are based upon being able to back up claims with coercions. The social successfulness based on being able to enforce frauds, and back up claims with coercions, is the foundation of the Neolithic Civilization which has become globalized. The underlying problems with respect to the excessive successfulness achieved through doing that, through some human beings being able to control others, through backing up lies with violence, are that the consequences are spinning out of human control.

Ray Dalio is praising President Trump in ways which do NOT recognize that Trump's Administration is going to necessarily be the executive carrying out systems of legalized lies, backed by legalized violence, in ways which will necessarily become exponentially more false. While Dalio and Trump may well be correct about others' falseness, there are no good grounds to expect them to properly perceive their own falseness. Those problems are far more profound than are publicly admitted and addressed in any significant ways, and would necessarily take series of profound paradigm shifts in political science to come to better terms with. The Big Problem is the history of necessarily enforcing frauds, such that those who did that the most and best are then the least able to perceive what they have really been doing.Although human beings and civilization necessarily live as entropic pumps of environmental energy flows, that has driven the development of a civilization which is based on the maximum possible dishonesties regarding itself. Therefore, the groups of "educated fools," include all "entrepreneurs" too, because EVERYBODY living within Globalized Neolithic Civilization is necessarily doing that to some degree or another.

There is NOBODY, including the President of the USA, who is not living through systems of more or less organized lies, operating robberies. The processes whereby those become "legalized" lies, backed by "legalized" violence, does NOT change that, but rather, enables the overall problems to continue to get exponentially worse. Therefore, those established systems are becoming more and more UNBALANCED, at about an exponential rate, and therefore, President Trump's Administration is necessarily going to be faced with various political problems which will continue to get EXPONENTIALLY WORSE ...

Trump has taken the money changers out from behind the curtain and put them boldly out in the public to run the temple. It will indeed be a glorious time to be rich, but that 75% of Americans, who live to pay the interest on their debts, will see their debts grow as their wages buy them less.

Ray Dalio and David McCormick of Bridgewater are members of the Rockefeller/CFR, and McCormick is being considered for Dep Sec of Defense. Bridgewater Assoc is a CFR corporate sponsor. See member lists at cfr dot org.

ray maybe surprised regarding trump's "aggressiveness" vs. iran and china. if he wants to spend war money on peace jobs he's better off working for mutual advantage than keeping with the chest pounding program of the last couple of decades.

Yes because everyone who doesn't agree with you is a paid troll or (insert left leaning epithet here).

Maybe this is just the effect of people who think for themselves and/or recovering MAGAtards deciding to comment on ZH. It's been a massive echo chamber for the last year or so and I'm glad to see a little variety in sentiment. Buck up, you'll get through it.